2023 IAIS Annual Conference

The 2023 IAIS Annual Conference will take place in person in Tokyo, Japan on 9-10 November 2023.

With the theme “Mind the gap: the role of supervisors in making the global insurance sector more inclusive” the Annual Conference will provide an opportunity for updates on the delivery of the IAIS’ Roadmap and plans for the Association’s future work. It will include engaging panels complemented by five roundtables allowing for in-depth discussion on key insurance supervision topics.

A special thank you to the Financial Services Agency of Japan for hosting the event.

Programme

Please click on each programme item below for additional information.

Financial inclusion
This roundtable will provide an opportunity to provide early input to the revision of the financial inclusion Application Paper.

Moderator: 
Tomas Soley – General Superintendent of Insurance, Costa Rica

International Actuarial Association (IAA)
Moderator: 
Roseanne Harris – Immediate Past President, International Actuarial Association

More information will be available soon.

Members of the IAIS Executive Committee and IAIS Champions will update on their agenda and answer questions from the audience. The session will also include an update on the development of the new IAIS Strategic Plan 2025-2029.

Panellists:
Gary Anderson – Vice Chair, IAIS Executive Committee and Commissioner, Massachusetts Division of Insurance
Shigeru Ariizumi – Vice Chair, IAIS Executive Committee, Vice Minister for International Affairs, Financial Services Agency of Japan
Peter Braumüller – Chair, IAIS Implementation and Assessment Committee and Managing Director of Insurance and Pension Supervision, Austrian Financial Market Authority
Dieter Hendrickx – Chair, IAIS Macroprudential Committee and Head, Prudential Policy Insurance, National Bank of Belgium
Petra Hielkema – Chairperson, EIOPA
Siham Ramli – Vice Chair, IAIS Executive Committee and Director of Communication and International Relations, Autorité de Contrôle des Assurances et de la Prévoyance Sociale Morocco
Vicky Saporta – Chair, IAIS Executive Committee and Executive Director, Prudential Regulation Authority and Bank of England
Matt Walker – Chair, IAIS Policy Development Committee and Manager, Insurance Supervision and Regulation Section, Federal Reserve Board of the United States
Daniel Wang – Chair, IAIS Climate Risk Steering Group and Executive Director, Insurance Department, Monetary Authority of Singapore

The damage and economic losses caused by natural catastrophes are increasing. Therefore, addressing insurance protection gaps is important to increase resilience and help maintain financial stability. This panel will consider the conclusions from the forthcoming IAIS report on the role of supervisors in helping to address natural catastrophe protection gaps, and next steps for the IAIS’ protection gap work.

Moderator:
Shigeru Ariizumi – Vice Chair, IAIS Executive Committee and Vice Minister for International Affairs, Financial Services Agency of Japan

Panellists:
Ekhosuehi Iyahen – Secretary General, Insurance Development Forum
Yoshihiro Kawai – Chairman, OECD Insurance and Private Pension Committee 
Pamela Schuermans – Principal Expert Insurance Policy, EIOPA

This panel will consider trends in the global economic and financial system and supervisory responses, including the impact of higher inflation and tightening monetary policy and increased credit and liquidity risks.

Dr. Chang Shu, Bloomberg’s Chief Asia Economist, will provide opening remarks on the economic and financial market outlook.

Moderator:
Lara K. Lylozian –
Deputy Associate Director and Chief Accountant, Federal Reserve Board

Panellists:
Dieter Hendrickx – Chair, IAIS Macroprudential Committee and Head, Prudential Policy Insurance, National Bank of Belgium
Carolina Otero – Group Chief Risk Officer, Allianz
Fundi Tshazibana – Deputy Governor and CEO Prudential Authority, South African Reserve bank
Marjan van der Weijden – Global Head of Financial Institutions and DEI Chair, Fitch Ratings

More information will be available soon.

This panel will explore whether the insurance sector is meeting the true needs of consumers considering, for instance, aging populations, increasing use of technology and various other societal shifts. The discussion will touch on diversity in the consumer population, how to explain insurance effectively and appropriately and opportunities for insurance to innovate and prioritise the customer at every stage of the product life cycle.

Moderator:
Andrew N. Mais – 
Insurance Commissioner, Connecticut and President-elect, NAIC

Panellists:
Karen Cox – CEO, Financial Rights Legal Centre 
Shinichi Kishi – General Manager, Sustainability Management & Development Dpt., Meiji Yasuda Life Insurance Company
Indrani Thuraisingham – Vice President and Legal Advisor, Federation of Malaysian Consumers Associations
Mark White – Chair, IAIS Market Conduct Working Group and CEO, Financial Service Regulatory Authority of Ontario

Emerging consumer risks
This roundtable will consider emerging risks to consumer protection and the steps insurance supervisors are taking to address these.

Moderator:
Mark White – Chair, IAIS Market Conduct Working Group and CEO, Financial Service Regulatory Authority of Ontario

Protection gaps
This roundtable will provide an opportunity to discuss the conclusions from the IAIS’ work on natural catastrophe protection gaps and input to the next steps on IAIS’ protection gaps.

Moderator:
Jacqueline Friedland – Executive Director, Risk Assessment and Intervention Hub, Supervision Sector, Office of the Superintendent of Financial Institutions and Vice Chair, Protection Gaps Task Force

Strategic plan
This session will provide an opportunity to engage on the emerging thinking on the Strategic Plan.

Moderator:
Siham Ramli – Vice Chair, IAIS Executive Committee and Director of Communication and International Relations, Autorité de Contrôle des Assurances et de la Prévoyance Sociale Morocco

As global standards develop to address climate-related risks, what further steps are necessary to increase transparency to better assess financial risks and to avoid consumers being misled? This panel will consider the steps for adoption in the insurance sector and what more might be needed to close climate data gaps and mitigate risks of greenwashing.

Opening remarks by Sue Lloyd (Vice-Chair, International Sustainability Standards Board (ISSB) on the introduction of the new ISSB standards on climate disclosure and their relevance for the insurance sector.

Moderator:
Beth Dwyer – Superintendent of Insurance, Rhode Island Department of Business Regulation and Vice Chair, IAIS Climate Risk Steering Group

Panellists:
Andreas Märkert –
Chief Risk Officer, Hannover Re
Ken Mungan – Chairman, Milliman
Masaaki Nagamura – Fellow International Initiatives, Tokio Marine
Daniel Wang – Chair, IAIS Climate Risk Steering Group and Executive Director, Insurance Department, Monetary Authority of Singapore

This panel will provide an update on the development of the Insurance Capital Standard following the consultation launched in June. It will also look ahead towards the finalisation and implementation of the global standard, which is due to be adopted in December next year.

Opening remarks by Paolo Cadoni, Chair of the IAIS Capital Solvency and Field Testing Working Group and Head, Insurance Policy Division, Bank of England.

Moderator:
Romain Paserot – IAIS Deputy Secretary General and IAIS Head of Capital and Solvency

Panellists:
Shigeru Ariizumi – Vice Chair, IAIS Executive Committee, Vice Minister for International Affairs, Financial Services Agency of Japan
Gary Anderson – Vice Chair, IAIS Executive Committee and Commissioner, Massachusetts Division of Insurance
Petra Hielkema – Chairperson, EIOPA
Vicky Saporta – Chair, IAIS Executive Committee and Executive Director, Prudential Regulation Authority and Bank of England

Speaker:
Jonathan Dixon –
IAIS Secretary General

Speakers

More speakers to be announced soon.

Gary Anderson

Vice Chair, IAIS Executive Committee and Commissioner, Massachusetts Division of Insurance

Shigeru Ariizumi

Vice Chair, IAIS Executive Committee and Vice Minister for International Affairs, Financial Services Agency of Japan

Peter Braumüller

Chair, IAIS Implementation and Assessment Committee and Managing Director of Insurance and Pension Supervision, Austrian Financial Market Authority

Paolo Cadoni

Vice Chair, IAIS Policy and Development Committee and Head, Insurance Policy Division, Bank of England

Karen Cox

CEO, Financial Rights legal Centre

Jonathan Dixon

Secretary General, IAIS 

Beth Dwyer

Superintendent of Insurance, Rhode Island Department of Business Regulation

Jacqueline Friedland

Executive Director, Risk Assessment and Intervention Hub, Supervision Sector, Office of the Superintendent of Financial Institutions

Roseanne Harris

Immediate Past President, International Actuarial Association

Dieter Hendrickx

Chair, IAIS Macroprudential Committee and Head, Prudential Policy Insurance, National Bank of Belgium 

Petra Hielkema

Chairperson, European Insurance and Occupational Pensions Authority

Ekhosuehi Iyahen

Secretary General, Insurance Development Forum

Yoshihiro Kawai

Chairman, OECD Insurance and Private Pension Committee

Shinichi Kishi

General Manager, Sustainability Management and Development Department, Meiji Yasuda Life Insurance Company

Sue Lloyd

Vice-Chair of the International Sustainability Standards Board 

Lara Lylozian

Chief Accountant and Deputy Associate Director, Division of Supervision and Regulation, Board of Governors of the Federal Reserve System

Andrew N. Mais

Insurance Commissioner, Connecticut and President-elect, NAIC

Ken Mungan

Chairman, Milliman

Masaaki Nagamura

Fellow International Initiatives, Tokio Marine Holdings, Inc.

Carolina Otero

Group Chief Risk Officer, Allianz

Romain Paserot

IAIS Deputy Secretary General and IAIS Head of Capital and Solvency

Siham Ramli

Vice Chair, IAIS Executive Committee and Director of Communication and International Relations, Autorité de Contrôle des Assurances et de la Prévoyance Sociale Morocco

Victoria (Vicky) Saporta

Chair, IAIS Executive Committee and Executive Director, Prudential Regulation Authority and Bank of England

Pamela Schuermans

Principal Expert on Insurance Policy, EIOPA

Chang Shu

Bloomberg Chief Asia Economist

Tomas Soley

General Superintendent of Insurance, Costa Rica

Indrani Thuraisingham

Vice President and Legal Advisor, Federation of Malaysian Consumers Associations

Fundi Tshazibana

Deputy Governor, South African Reserve Bank and CEO, Prudential Authority

Marjan van der Weijden

Global Head of Financial Institutions at Fitch Ratings

Matt Walker

Chair, IAIS Policy Development Committee and Manager, Insurance Supervision and Regulation Section, Federal Reserve Board of the United States

Daniel Wang

Chair, IAIS Climate Risk Steering Group and Executive Director, Insurance Department, Monetary Authority of Singapore

Mark White

Chair, Market Conduct Working Group and CEO, Financial Service Regulatory Authority of Ontario

Practical information

Japan has taken measures on visa exemptions for some countries and regions.

Please check the list of visa exemptions for short-term stays.

Full details can be found on the website of the Ministry of Foreign Affairs of Japan and/or contact the Embassy of Japan in your respective country.

The 2023 IAIS Annual Conference will take place at the following venue:

Hilton Tokyo Odaiba
1-9-1, Daiba
Minato-ku Tokyo 135-8625
Japan
Tel: +81 3 5500 5500

Visit Haneda Airport (HND) for more information about transfer options.

Visit Narita International Airport (NRT) for more information about transfer options.

Covid-19
Please visit the Ministry of Health, Labour and Welfare for information regarding Covid-19 guidelines and requirements.

Participants list
Please note that your name and organisation will be shared with other participants.

Video and photography
The event will be recorded and photographed. The images and recordings will be used in IAIS communication materials and channels.

FSA of Japan recommends the hotels below:

Hilton Tokyo Odaiba (conference venue)
Grand Nikko Tokyo Daiba
Hotel Villa Fontaine Grand Tokyo

Currency: The local currency is the Japanese Yen. While international credit, debit and prepaid cards are generally accepted throughout the city, it is recommended to carry a small amount of cash as some businesses may only accept cash.

Time zone: Japan Standard Time

Electricity: All power sockets in Tokyo provide a standard voltage of 100V with a standard frequency of 50Hz. Tokyo uses power outlets and plugs of types A (two flat prongs).

Tokyo tourism: More information is available on Travel Japan.

Registration

Registration fee for stakeholders
Please note that there is a registration fee of 45,000 JPY for stakeholders to attend the Annual Conference. Upon registration, you have the option to pay either by credit card or bank transfer.

The deadline to register is 17 October 2023 (17:00 JST).

Kindly note that the Financial Services Agency of Japan is hosting an event on “FSA high-level dialogue: The role of insurance in building a resilient society” on Thursday, 9 November, from 17:45 – 18:30. Register and contact FSA of Japan for more information.

We look forward to a successful event in Tokyo!